Purchase-based PepsiCo, Inc., reports full-year financial results for 2025 that include revenues of $93.9 billion for the year compared with $91.9 billion for 2024. The operating profit for 2025 was $11.5 billion compared with $12.9 billion for 2024.
In the fourth quarter of 2025, PepsiCo generated $29.3 billion in revenues. Profits rose 58% from where they were in the fourth quarter of 2024 to $3.6 billion in the fourth quarter of 2025.
“PepsiCo’s fourth quarter results reflected a sequential acceleration in reported and organic revenue growth, with improvements in both the North America and International businesses,” PepsiCo’s Chairman and CEO Ramon Laguarta said. “We expect North America’s business performance to improve and the International business to remain resilient this year.”
As it released the 2025 financial results, the company announced an increase in its annualized stock dividend to $5.92 per share from $5.69 per share, effective with the dividend expected to be paid in June 2026. PepsiCo said it is the 54th consecutive increase in the annual dividend per share of stock. It also announced a plan to repurchase up to $10 billion of PepsiCo common stock through Feb. 28, 2030.
PepsiCo said its products are consumed more than one billion times a day in more than 200 countries and territories around the world. Among its brands are Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream.
Pepsi noted that it closed three manufacturing plants and shut several manufacturing lines in 2025 and are in the process of reducing the number of its various product offerings in the U.S. by 20%.
The company said it expects from 2% to 4% revenue growth during 2026 but also announced that it is cutting the prices it charges for many of its snack products by 15%. The cuts apply to Lay’s, Doritos, Cheetos, Tostitos and other items and were expected to be in place in time for the Super Bowl on Feb. 8.
“We’ve spent the past year listening closely to consumers, and they’ve told us they’re feeling the strain,” said Rachel Ferdinando, CEO of PepsiCo Foods U.S. “Lowering the suggested retail price reflects our commitment to help reduce the pressure where we can. Lowering prices is one step – an important one – in our commitment to deliver for consumers and strengthen our brands for the future.”
